https://www.avient.com/sites/default/files/resources/PolyOne%25202018%2520Proxy%2520Statement.PDF
Rewardable attainment with respect to these performance measures
ranges from 50% (threshold) to 200% (maximum) of goal.
The
Internal Revenue Code limits employee contributions to the Qualified Savings Plan to $18,000 ($24,000 for
participants over age 50), and earnings upon which employee/employer contributions may be made are limited to
$270,000 in 2017.
The Named Executive Officers are permitted to elect to defer up
to 50% of their salary and annual bonus into the plan.
https://www.avient.com/sites/default/files/resources/PolyOne%2520Terms%2520and%2520Conditions%2520of%2520sale%2520France.pdf
Seller
may deliver to Buyer a quantity of Products with a
quantity tolerance which may vary, depending upon
the quantities ordered by Buyer, as follows: (1) from
50 to 99 kgs, +/- 25%; (2) from 100 to 249 kgs, +/-
15%; (3) from 250 to 499 kgs, +/- 10%; (4) more than
500 kgs, +/- 5%.
Le Vendeur pourra livrer à l'Acheteur une
quantité de Produits avec une tolérance de quantité qui
pourra varier, en fonction des quantités commandées
par l'Acheteur, de la façon suivante : (1) de 50 à 99 kg,
+/- 25% ; (2) de 100 à 249 kg, +/- 15% ; (3) de 250 à
499 kg, +/- 10% ; (4) au delà de 500 kg, +/- 5%.
https://www.avient.com/knowledge-base/article/thermoplastic-elastomer-tpe-faqs
This is often reported as tensile at various percentages of the original length of elastomer, such as 50, 100 and 300 percent.
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?ind[]=6596
There is a broad spectrum of TPEs available that have higher flow lengths, however, there are some limitations at certain durometers — particularly with harder formulations that measure greater than 50 Shore A durometer.
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?ind[]=6598
There is a broad spectrum of TPEs available that have higher flow lengths, however, there are some limitations at certain durometers — particularly with harder formulations that measure greater than 50 Shore A durometer.
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?ind[]=6601
There is a broad spectrum of TPEs available that have higher flow lengths, however, there are some limitations at certain durometers — particularly with harder formulations that measure greater than 50 Shore A durometer.
https://www.avient.com/knowledge-base/article/whats-difference-tpes-vs-silicones?rtype[]=1164
There is a broad spectrum of TPEs available that have higher flow lengths, however, there are some limitations at certain durometers — particularly with harder formulations that measure greater than 50 Shore A durometer.
https://www.avient.com/sites/default/files/resources/POL%2520CFA%2520IR%2520Presentation%2520w%2520non%2520GAAP%252011%252019%25202013.pdf
EPS: $2.50
Assumptions
• Mid single digit revenue CAGR
• Operating margins in mid-range
of 2015 targets
• No global recession
• No investment in incremental
PP&S capacity
• Housing starts at 85% of 50 year
norm by 2015
• Remain comfortably below 3X Net
Debt / EBITDA
Page 10
2012
Rev: $2.9B
Adj.
https://www.avient.com/sites/default/files/2022-11/AVNT Q3 2022 Earnings Presentation - Website Final.pdf
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$585M$3,635M
23
C O L O R , A D D I T I V E S & I N K S
2022 REVENUE | $2 .3 B ILL ION
US & Canada
Latin America
END MARKET REGION
24
33%
Building &
1% Energy
Figures represent 2022 full year estimates
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
US & Canada
50%
REGION
25 Figures represent 2022 full year estimates
19%
8%Industrial
16%
Building &
31%
28%
13%
Building &
3%
2% Defense
(20% of sales)
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
29%
13%
17%
Building &
(35% of sales)
14%
Building &
12%
US &
Canada
(40% of sales)
49%
Building &
LATAM
(5% of sales)
3%Telecommunications
Figures represent 2022 full year estimates
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Presentation - Website.pdf
PRIOR YEAR
$790
$710
2022 2023
$107
$112
2022 2023
Sales Adjusted EBITDA
$0.42
$0.47
2022 PF 2023
Adjusted EPS
- 10% + 5% + 12%
Sales Adjusted EBITDA Adjusted EPS
12
$112
$500
$0.47
$2.30
Q4 AND FULL YEAR 2023 GUIDANCE
$710
$3,130
Sales Adjusted EBITDA Adjusted EPS
13
(in millions) (in millions)
Guidance: Free Cash Flow
$180 $180
Prior Guidance Guidance
FREE CASH FLOW & INCREASED DIVIDEND
13th Consecutive Dividend Increase
0.16
0.26
0.42
0.58
0.79
0.85
0.99
1.03
2011 2013 2015 2017 2019 2021 2023 2024
14
S U S TAI NABI L I T Y DAY
RE CAP
SUSTAINABILITY AS A GROWTH DRIVERLONG-TERM REVENUE GROWTH DRIVERS
60%+
Key Growth
Drivers
Sustainable
Solutions
Composites, Healthcare,
Asia / LATAM
Overlap
Other
(GDP Growth)
Total Company Revenue
Growth Drivers Long-Term
Growth Rate
Sustainable Solutions 8–12%
Composites 8–10%
Healthcare 8–10%
Asia / LATAM 5%
Other (GDP growth) 0–2%
Avient 6%
17
SUSTAINABILITY TRENDS DRIVE LONG-TERM GROWTH
8-12%
Long Term
Growth
50
90
2022 2030
Medical Plastics
Market Size
(in $Billions)
2020 2030
Recycled
Plastics
Virgin
Plastics
Growing Demand
for Recycled
Content
Avient Sustainable
Solutions
18
46
2023 2032
Global Offshore Annual
Wind Installations
(in Gigawatts)
Sources: McKinsey, Bloomberg, Grand View Research
SUSTAINABILITY TRENDS DRIVE
LONG-TERM GROWTH
18
• Transformative acquisitions
combined with divestitures of
more cyclical businesses have
improved margins over 400 bps
since 2018
• 20% long-term margin goal to
be driven by key growth drivers,
with sustainable solutions
playing a meaningful role
5.4%
11.5%
16.0%
2006 2018 2023E Recovery Growth
Drivers
Strategic
Objective
20%+
+1%+
+3%+
ADJUSTED EBITDA MARGIN EXPANSION
19
• 6% annualized long-term sales growth leveraging
sustainable solutions, composites, healthcare, and
emerging regions
• Expand EBITDA margins to 20%
• Deliver annual EBITDA and EPS growth of
10% and 15%
• Maintain asset-light, 80% free cash flow conversion
profile and be valued as a specialty formulator
• Continue fostering our Great Place to Work® culture
CREATING A WORLD-CLASS
SUSTAINABLE ORGANIZATION
20
Reconciliation of Non-GAAP Financial Measures
(Unaudited)
(Dollars in millions, except for per share data)
Senior management uses comparisons of adjusted net income from continuing operations attributable to Avient shareholders
and diluted adjusted earnings per share (EPS) from continuing operations attributable to Avient shareholders, excluding special
items, to assess performance and facilitate comparability of results.